ProShare Advisors LLC Has $2.67 Million Stake in FirstCash Holdings, Inc. $FCFS

ProShare Advisors LLC lifted its stake in FirstCash Holdings, Inc. (NASDAQ:FCFS) by 71.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,876 shares of the company’s stock after buying an additional 7,037 shares during the period. ProShare Advisors LLC’s holdings in FirstCash were worth $2,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently added to or reduced their stakes in FCFS. Caitong International Asset Management Co. Ltd bought a new stake in shares of FirstCash during the 2nd quarter valued at $25,000. Root Financial Partners LLC acquired a new position in FirstCash in the third quarter valued at about $25,000. Smartleaf Asset Management LLC raised its stake in FirstCash by 70.5% in the third quarter. Smartleaf Asset Management LLC now owns 220 shares of the company’s stock valued at $34,000 after purchasing an additional 91 shares in the last quarter. IFP Advisors Inc lifted its position in FirstCash by 181.6% during the second quarter. IFP Advisors Inc now owns 290 shares of the company’s stock worth $39,000 after purchasing an additional 187 shares during the period. Finally, Jones Financial Companies Lllp grew its stake in FirstCash by 262.5% during the third quarter. Jones Financial Companies Lllp now owns 377 shares of the company’s stock worth $58,000 after buying an additional 273 shares in the last quarter. Institutional investors own 80.30% of the company’s stock.

Insiders Place Their Bets

In other news, insider Howard F. Hambleton sold 4,000 shares of the firm’s stock in a transaction on Monday, December 15th. The shares were sold at an average price of $163.74, for a total transaction of $654,960.00. Following the completion of the transaction, the insider owned 26,581 shares of the company’s stock, valued at approximately $4,352,372.94. This trade represents a 13.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO R Douglas Orr sold 4,000 shares of FirstCash stock in a transaction on Thursday, February 5th. The stock was sold at an average price of $175.37, for a total transaction of $701,480.00. Following the transaction, the chief financial officer owned 111,289 shares in the company, valued at approximately $19,516,751.93. This trade represents a 3.47% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,500 shares of company stock worth $8,150,640 over the last quarter. 2.93% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on FCFS shares. Weiss Ratings restated a “buy (b)” rating on shares of FirstCash in a research report on Monday, December 29th. Canaccord Genuity Group set a $217.00 price objective on shares of FirstCash in a research report on Friday, February 6th. Wall Street Zen cut FirstCash from a “strong-buy” rating to a “buy” rating in a research note on Sunday. Zacks Research lowered FirstCash from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 2nd. Finally, TD Cowen reissued a “buy” rating on shares of FirstCash in a report on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $169.40.

FirstCash Stock Performance

NASDAQ FCFS opened at $181.89 on Friday. The firm’s fifty day moving average price is $167.19 and its two-hundred day moving average price is $156.23. The stock has a market cap of $8.00 billion, a PE ratio of 24.51 and a beta of 0.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.36 and a current ratio of 4.55. FirstCash Holdings, Inc. has a fifty-two week low of $109.51 and a fifty-two week high of $188.75.

FirstCash (NASDAQ:FCFS) last released its quarterly earnings data on Thursday, February 5th. The company reported $2.64 earnings per share for the quarter, beating the consensus estimate of $2.54 by $0.10. FirstCash had a return on equity of 17.99% and a net margin of 9.02%.The company had revenue of $1.06 billion for the quarter, compared to the consensus estimate of $1.01 billion. During the same quarter last year, the business posted $2.12 EPS. FirstCash’s revenue for the quarter was up 19.8% on a year-over-year basis. On average, equities analysts expect that FirstCash Holdings, Inc. will post 7.7 EPS for the current fiscal year.

FirstCash declared that its Board of Directors has approved a stock buyback program on Thursday, October 30th that authorizes the company to buyback $150.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 2.3% of its shares through open market purchases. Shares buyback programs are generally a sign that the company’s management believes its shares are undervalued.

FirstCash Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Wednesday, February 18th will be paid a $0.42 dividend. The ex-dividend date of this dividend is Wednesday, February 18th. This represents a $1.68 annualized dividend and a dividend yield of 0.9%. FirstCash’s dividend payout ratio is currently 22.64%.

FirstCash Profile

FirstCash, Inc (NASDAQ: FCFS) is a leading integrated operator of pawn stores and provider of short-term consumer loan services in the United States and Mexico. Through its retail pawn outlets, FirstCash offers collateral-based loans secured by personal property, enabling customers to access liquidity without a credit history or traditional bank account. The company also purchases, trades and sells a broad range of secondhand merchandise, including electronics, jewelry and power tools, through its network of conveniently located stores.

In addition to its pawn-broking activities, FirstCash provides unsecured consumer loans designed to meet urgent cash needs.